Consider the following two sample data sets. Set 1: 11 24 13 23 18 Set 2: 2 7 1 5 8 a. Calculate the coefficient of variation for each data set. b. Which data set has more variability? a. The coefficient of variation for data set 1 is %. (Round to one decimal place as needed.) The coefficient of variation for data set 2 is %. (Round to one decimal place as needed.) b. Which data set has more variability? Choose the correct answer below. A. Data set 1 has more variability because its coefficient of variation is greater. B. Data set 2 has more variability because its coefficient of variation is greater. C. Data set 2 has more variability because its coefficient of variation is less. D. Data set 1 has more variability because its coefficient of variation is less.
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A smaller coefficient of variation indicates: The mean relative to the standard deviation is smaller Less variability within a set of data values Less consistency within a set of data values More variability within a set of data values
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